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C.A.T. oil AG / C.A.T. oil successfully boosts earnings and profitability in Q2 2014
Press Wire ♦
Published: August 28, 2014; 07:31 ♦ (Vindobona)
C.A.T. oil AG,one of the providers of oil and gas field services in Russia and Kazakhstan, boosted its earnings and profitability in the second quarter of the year. Despite the increased political uncertainties, C.A.T. oil experienced a strong upturn in customers' demand for its services and further increased operating activity levels in Western Siberia and Kazakhstan.
C.A.T. oil AG / C.A.T. oil successfully boosts earnings and profitability in Q2 2014 / Picture: © Vindobona.org
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Subtitle: • Revenues up 1.0% yoy to EUR 112.4 million despite rouble
devaluation
• EBITDA growth of 18.8% yoy to EUR 34.1 million
• Excellent profitability with the EBITDA margin of 30.3%
• Net income surged 12.5% yoy to…
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